Are you passionate about business but don’t have much capital? Are you looking for a form of business that suits your abilities? Don’t worry! With the strong development of the internet and social networking platforms, you can completely participate in one of the forms of online business that does not require capital on the internet. Among them, Affiliate marketing, Dropshipping, working as a sales collaborator and selling digital products are 4 simple ways of online business that anyone can start.
Affiliate marketing
Affiliate Marketing is an online business model in which marketers promote other people’s products/services through online channels. This is a way to help the supplier’s products or services reach a large number of consumers. People participating in affiliate marketing will receive a commission when someone visits the supplier’s website and buys the product through their link.
Affiliate is also a form of online business that does not require capital and is chosen by many people when the trend of online shopping increases. Specifically, according to eMarketer, the budget for affiliate marketing of businesses increases by 10% every year, and increases by 25% for the retail industry alone. With this potential, Affiliate marketing is the way to make money online that you should try the most today.
Affiliate marketing is the hottest way to do business without capital today.
Affiliate marketing is the hottest way to do business without capital today.
There are many ways to make money from Affiliate marketing. Here are 5 ways you can refer to:
Content Affiliate Marketing :
Affiliate marketers can create valuable content such as blog posts, social media posts that contain affiliate links. Content creators will receive commissions when viewers/readers make purchases through the link. Many fanpages or TikTok channels specializing in product reviews have been born and achieved success thanks to this method.
Coupon Website : You can create a fan page or a website that specializes in aggregating coupons. When users access these discount links, they will be taken to the website where you do affiliate marketing.
Email Marketing : Affiliate marketers build email lists and promote products or services to their subscribers through email campaigns. Commissions are earned when subscribers make purchases through affiliate links sent in emails.
Influencer Marketing : Influencers with a large social media following promote affiliate products or services to their audience. They leverage their authority and reach to drive sales and earn commissions. You can easily see KOLs or Influencers doing this Affiliate method on TikTok, Instagram or Facebook.
Software and Apps : Individuals/entities promote partner applications or software via their website/blog/social media and earn a percentage of commission from application/software downloads through their links.
Online business without capital using Affiliate marketing via TikTok
Online business without capital using Affiliate marketing via TikTok
Compared to other forms of online business that do not require capital, Affiliate marketing has the following advantages:
No Vendor Limitations :
You can become an affiliate for any vendor, just make sure to follow their commitments.
Free, voluntary registration : With the affiliate marketing program, participants do not need to pay any costs to get started.
Clear, transparent terms : Affiliate marketing programs provide specific contracts/policies or rules and regulations.
Flexible and stress-free : Affiliate marketers can do it online without having to become a full-time employee of the company. In addition, you are not pressured about the number of successful marketing orders.
However, affiliate marketing also comes with some disadvantages that you should be aware of before doing it:
Low Profits :
Vendors pay a relatively low commission to affiliate marketers.
Requires time and effort to build : You will have an advantage if you already have a large network of friends or many relationships. Otherwise, the process of finding potential customers in the beginning will be difficult and time-consuming.
Difficulty convincing viewers to buy : Buyers may not click on the link or buy without following your link. In that case, you will not receive marketing commission.
Dropshipping
Dropshipping is a business model where the seller does not need to import goods or handle warehousing or shipping issues. Instead, you just need to transfer the customer’s order to the supplier. At this point, they will perform all the remaining steps from packaging and shipping.
Dell – one of the world’s leading computer brands has also applied this business model to expand its market. Agents will register to participate in the Dropshipping program and focus on online marketing to find customers. When there is an order, they just need to send information back to Dell. The company will receive the order, pack it and be responsible for shipping it to the buyer. When the delivery is successful, the commission percentage will be paid directly to the agent.
Dropshipping is the preferred choice of many people because:
Low Risk : Dropshippers do not need to directly handle goods or risks associated with sourcing.
Flexible and Dynamic : Dropshipping only requires a computer or internet-connected device to get started.
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Easy to scale : Dropshipping allows you to focus your resources on developing sales platforms and advertising campaigns to attract more customers, while completely skipping steps like production, shipping, warehouse management, etc.
Online business model without capital Dropshipping
Online business model without capital Dropshipping
However, the Dropshipping model also has its own disadvantages:
Product/Service Passive : Product quality, packaging and shipping services are in the hands of the supplier. If there is a problem, you and your business may receive negative feedback from customers.
High Competition : More and more people are joining the Dropshipping model so the competition in the industry is getting higher and higher.
Become an online business collaborator without capital
Many online sellers have chosen the business model of reselling products from wholesalers and receiving commissions from this. In this model, they play the role of “collaborators”. Collaborators help push products to the market faster and more effectively. Typically, the online sales collaborator model can be divided into two types as follows:
Type 1 : The collaborator only needs to post, when there is an order, send customer information to the supplier. The supplier will be responsible for packaging and shipping. The disadvantage of this method is that customers will know where the original goods are distributed. In many cases, they will buy from the supplier next time. At this point, the collaborator will not be able to retain their customers.
Type 2 : Affiliates collect orders and import small quantities of goods wholesale or retail when orders arise. This method requires you to have a small amount of capital to import goods, then you will recover it in a short time when the customer successfully receives the goods.
The form of online business collaborators that does not require capital is chosen by many people because of advantages such as:
No need to import and manage goods :
CTV is only an intermediary between the importer and the final buyer.
Revenue from marketing and customer service : Profits depend on marketing and customer service capabilities.
Sales agents do not need capital but only focus on marketing and selling products.
Sales agents do not need capital but only focus on marketing and selling products.
However, the model of doing online business without capital still has some limitations as follows:
Great dependence on source of goods :
As a collaborator, you will depend on the manufacturer/supplier.
Difficult to build your own brand : The collaborator model limits you from building your own brand and requires you to work under the manufacturer’s brand, or depend heavily on the supplier.
Limitations in business strategy : Collabora what is seo tors are not free to develop diverse business strategies but must follow the supplier.
Sell digital information products
When it comes to online business without capital, you do not necessarily have to sell physical products. With the development of technology, online business people can completely create digital documents to make money.
Some ways to sell digital products that you can refer to are selling useful documents, designing t-shirts, selling online courses… This way of doing business has many outstanding advantages compared to other methods:
No need for large start-up capital :
This form does not require a large amount of money to start. You just need to create digital content or design printed products, then send them to buyers.
Generate recurring profits : You can sell digital documents, printable templates, or online courses over time. This means you only need to do these tasks once and receive continuous profits.
Customization and Creativity : As a digital document creator, you have complete freedom to create and personalize your product to serve the needs of your buyers.
Global Reach : The Internet helps your materials reach customers worldwide and increase sales rapidly.
Suitable for many fields : This model aleart news can be applied to many different fields such as education, art, design, marketing, etc.
Sell digital products with easy access to a large global customer base
Sell digital products with easy access to a large global customer base
Although it has great potential, this way of doing online business without capital also has many risks that you need to consider:
High Competition :
Since this is an accessible money-making model, the competition is also very high. Besides you, there are many other people who are also participating in creating similar digital products.
Rapidly changing markets : The online marketplace can change rapidly. A digital product or course may attract a lot of attention in the first few months of its launch. However, if it is not updated with new knowledge, it can be completely replaced by newer materials.
Copyright and Creative Infringement : You need to comply with copyright laws and not infringe on creatives when creating content. This can lead to legal issues and affect your personal brand.
Anyone can try their hand at zero-capital business models. However, not everyone has the perseverance and knowledge to achieve success. With the 4 ways to do online business without capital above, Subiz hopes that readers can choose the appropriate form. Wish you a successful business!
